We Couldn't Agree More

"The Investment Answer" is broken down into five main principles:

1. Hire a fee-only, independent financial advisor, not a broker who is compensated for selling you company products. This is an issue both Goldie and Murray felt strongly about. "[Murray] didn't care for the retail side of Wall Street; he felt that was the side of Wall Street that was really hurting people," Goldie says. "This book was his attempt to try to educate people and help level the playing field."

2. Diversify among stocks and bonds, buying both large and small caps and value and growth.

3. Divide foreign and domestic investments.

4. Decide if you want to own passive or actively managed mutual funds. Goldie and Murray both encourage passive investing. "Over time a passive strategy on average will outperform an active strategy," says Goldie. This concept was hard, even for Goldie, to understand at first. "I was brought up under the idea that if you worked harder and you were smarter and better, you would perform better. But it doesn't hold with investing."

5. Rebalance your portfolio.

The content contained in this blog represents the opinions of Damon Coley, Nathan Aberson, and/or Aaron Aberson. Mr. Coley, Mr. Nathan Aberson, and Mr. Aaron Aberson also act as advisors and clients advised by Mr. Coley, Mr. Nathan Aberson, and Mr. Aaron Aberson may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Coley’s, Mr. Nathan Aberson’s, and Mr. Aaron Aberson’s recommendations. This commentary in no way constitutes investment advice, and should never be relied on in making an investment decision, ever. Also, this blog is not a solicitation of business by Mr. Coley, Mr. Nathan Aberson, and Mr. Aaron Aberson: all inquiries will be ignored. The content herein is intended solely for the entertainment of the reader, and the authors.